FT Partners Advises Network Merchants on its Growth Equity Investment

On May 6, 2014, Network Merchants, Inc. ("Network Merchants" or the "Company") announced that Great Hill Partners has made a growth investment in the Company

Great Hill Partners is a private equity firm focused exclusively on software and service providers in growth sectors; the firm manages more than $3 bn in capital

In conjunction with the transaction, Network Merchants announced the addition of payments veterans Roy Banks and Kyle Pexton as CEO and CFO, respectively

Significance of Transaction

By combining Network Merchants' market-leading platform with a deep and experienced management team and strong financial partners, the Company seeks to redefine the payment gateway space in an increasingly dynamic market

Founders Jim McKenzie and Ted Cucci will continue to serve as investors and advisors to Network Merchants; Great Hill joins existing investors Bregal Sagemount and the founders of the Company; Jim McKenzie continues as chairman of the Board of Directors at Network Merchants

FT Partners' Role

FT Partners served as exclusive strategic and financial advisor to Network Merchants in this transaction